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GBM - Public Dept - Third Party Strategy & Risk Management - Senior Associate - Bengaluru in Bengaluru at honor foundations

Date Posted: 3/20/2025

Job Snapshot

Job Description

Who we are

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments, and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong, India and other major financial centers around the world.

 

Global Banking & Markets

Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team that includes individuals who have a passion for the markets and who thrive in fast-paced, changing environments and are energized by a bustling trading floor. At Goldman Sachs, our culture is one of teamwork, innovation, and meritocracy. We often say our people are our greatest asset and we take pride in supporting each colleague both professionally and personally. From collaborative workspaces and ergonomic services to wellbeing and resilience offerings, we offer our professionals the flexibility and support they need to reach their goals in and outside the office.

 

GBM Third Party Risk Management & Strategy

The GBM Third Party Risk Management & Strategy team within GBM oversees the control framework and guides GS managers implement oversight on a broad spectrum of processes managed by Vendors. The Quality Control position in GBM Third Party Risk Management & Strategy team provides an opportunity for a dynamic and risk-aware individual to take part in shaping GBM’s Third Party control framework related to a broad spectrum of firm policies and processes, including but not limited to Customer Due Diligence, Regulatory Reform, FICC Ops, Equities, PB Ops, Pre-matching, Settlements etc. The role is part of a team responsible for overseeing aspects of policy implementation, quality assurance, audit facilitation and relative analytics for the GBM teams. The successful candidate will be able to exercise independent judgment, discretion, and decision-making.

HOW YOU WILL FULFILL YOUR POTENTIAL

  • Work with Senior Leadership, Sourcing, Third Party Risk Resilience teams and Vendors to develop, implement and deliver complex and strategic cross divisional initiatives

  • Build data tracking and management tooling which can be leveraged for reporting to senior stakeholders.

  • Implement quality assurance and testing approaches for vendor engagements by understanding the procedures, doing quality checks for balancing risk and control

    RESPONSIBILITIES

  • Supporting the divisions to ensure they comply with the firms Vendor Management (VM) programs.

  • Equipping Vendor Relationship Owners with skills, training, and awareness on their roles

  • Engaging with Risk Partners across the organization (e.g. compliance, technology), as needed, helping the divisions to understand third party risks

  • Reporting to divisional stakeholders on VM activities, including outstanding risks and ongoing initiatives

  • Evaluating and providing guidance to key divisional stakeholders to support implementation and compliance with the Vendor Management Policy and Standard, and challenging divisional TPRM activities, where appropriate

  • Engage with the divisions to raise awareness of the third-party risk management framework as well as develop the risk management skills of all Vendor Relationship Owners

  • Developing and providing periodic global and regional reporting on vendor landscape, risks, controls, and overall status of divisional execution against the program requirements

  • Support and help lead aspects of global TPRM program initiatives and priorities, working with global program and capability leads, as well as the global team overall.

  • Champion and advocate for program maturity and development with key partners across the organization, ensuring alignment with GBMs overall third-party strategy.

  • Design the appropriate framework and operating model to support the integration of risk control and business functions, the ongoing management of the third-party lifecycle, and maturing the existing third-party segmentation, risk tiering, and stratification.

    SKILLS & EXPERIENCE WE’RE LOOKING FOR

  • 6+ years’ experience in a business / Non-Financial Risk management/Third Party Risk Management pertaining to vendor services/ applications and Contingent Workers

  • Experience in dealing with external vendors single handedly.

  • Experience in managing/ coordinating with multiple functions including business functions, technology teams, compliance etc.

  • Experience in data analysis and in creating dashboards using BI tools like Tableau, Altryx etc. would be an added advantage.

  • A deep understanding of the different risk domains pertaining to third parties (e.g., Information/ Cyber Security, Cloud concepts, Privacy, Compliance, BCP etc.) and their unique requirements.

  • In depth understanding of SDLC and experience in coordinating deployment cycles

  • Strong experience addressing senior-level leadership and the ability to collaborate and lead cross-functional teams and initiatives.

  • Designing, testing, or monitoring of internal risk controls.

  • Passion for delivering and promoting quality in all aspects of your work and applying professional judgement.

  • Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded and have practical value.

  • Managing and developing junior team members through delegation, supervision, and coaching

    ABOUT GOLDMAN SACHS

    At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. 

    We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. 

    We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

    © The Goldman Sachs Group, Inc., 2023. All rights reserved.

    Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

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    THE HONOR FOUNDATION IS A 501(C)(3) TAX EXEMPT, NATIONAL NON-PROFIT CHARITABLE FOUNDATION. TAX ID # 46-2952873